All accounts rates

Westpac eSaver

Introductory rate for the first 5 months
Total introductory rate	4.65% p.a.
5 month introductory fixed rate	3.55% p.a.
Standard variable rate	1.10% p.a.

Limited time online offer

Open an eSaver account online to add 0.35% p.a. to your total introductory rate, making it 5.00% p.a. Only available for new eSaver accounts opened online by sole applicants who have never held an eSaver account before. Find out more about eSaver.

When does the introductory special rate apply?

An introductory fixed interest rate of 3.55% p.a. applies for the first 5 months, on top of the standard variable rate when you are a new Westpac eSaver customer:

After 5 months the standard variable rate, currently 1.10% p.a. will apply to your eSaver account.

When is interest paid to my eSaver account?

Interest is paid on the last business day of each calendar month.

Balances in your account on or after the last business day won't be included in the interest calculation for that month but will be included in the interest calculation for the following month. Balances include deposits made to your account.

Westpac Life

Total variable interest rate	Up to 5.00% p.a.
Standard variable base rate (when no standard variable bonus rate applies)	1.85% p.a.
Standard variable bonus rate	3.15% p.a.

How do I earn bonus interest on my Westpac Life account?

Bonus interest is payable each month that you:

Make a deposit to the account;
Ensure your account balance is higher at the end than the beginning; and
Keep your account balance above $0 at all times.

A month is the period from close of business on the last business day of the previous month to close of business on the last business day of the current month.

When is interest paid to my Westpac Life account?

Interest is paid on the last business day of each calendar month. Balances in your account on and after the last business day won't be included in the interest calculation for that month but will be included in the interest calculation for the following month. Balances include deposits made to your account.

Westpac Bump

Total variable interest rate	Up to 5.00% p.a.
Standard variable base rate (when no standard variable bonus rate applies)	2.00% p.a.
Standard variable bonus rate	3.00% p.a.

How do I earn bonus interest on my Bump Savings account?

Bonus interest is payable each month that you:

Make a deposit to the account;
Ensure your account balance is higher at the end than the beginning; and
Keep your account balance above $0 at all times.

For bonus interest qualification, a month is the period from close of business on the last business day of the previous month to close of business on the last business day of the current month.

When is interest paid to my Bump Savings account?

Current Term Deposit interest rates

Deposits between $5,000 and $2,000,000 Interest rates are per annum. Choose to have interest paid monthly, yearly or at maturity.

If you’re an existing customer, you can sign into Online Banking to explore your bonus rates you may be eligible for.

Special rates are highlighted in red.

Rates for 1 to 6 months term

Term	Interest paid at maturity	Interest paid monthly
1 < 2 months	1.25%	1.25%
2 < 3 months	1.45%	1.40%
3 < 4 months	3.25%	3.20%
4 < 5 months	3.35%	3.30%
5 < 6 months	3.45%	3.40%

Rates for 6 to 12 months term

Term	Interest paid at maturity	Interest paid monthly
6 < 7 months	3.60%	3.55%
7 < 8 months	3.60%	3.55%
8 < 9 months	3.80%	3.75%
9 < 10 months	4.00%	3.95%
10 < 11 months	4.00%	3.95%
11 < 12 months	4.00%	3.95%

Rates for more than 12 months

Term	Interest paid yearly	Interest paid monthly
12 < 24 months	4.00%	3.95%
24 < 36 months	3.80%	3.75%
36 < 48 months	3.60%	3.55%
48 < 60 months	3.60%	3.55%
60 months	3.60%	3.55%

'On Demand' Interest

The 'On Demand' (at call) standard interest rates may apply to periods between Maturity and renewal or repayment of an Account. These rates are variable.

$5,000 < $10,000	$10,000 < $20,000	$20,000 < $50,000	$50,000 < $100,000	$100,000 < $25,000,000
0.05%	0.05%	0.05%	0.05%	0.05%

What is the Term Deposit Variation Period rate?

Westpac Term Deposits have a 6 business day Variation Period, starting from the date of maturity. During this time you can make one change, including withdrawing funds or closing your account, without incurring a fee (or a reduction in your interest return for interest earned during the immediately preceding term). If you do close your account during the Variation Period you will be paid any undispersed interest earned throughout your term plus the Variation Period interest rate on your balance for the period between the date of maturity and the date the account was closed. The Variation Period rate is a variable rate, and is currently 0.05%.

We can also...

Negotiate rates for terms less than 30 days. Call us on 1300 362 742.

Westpac Choice

There is no interest for this account.

View Westpac Choice essentials.

Westpac Choice - under 30s

There is no interest for this account.

Westpac Choice - full-time tertiary students

There is no interest for this account.

Westpac Choice - concession holders

There is no interest for this account.

Westpac 55+ and Retired account

Interest rates p.a.

Interest is calculated daily on your account balance.

Amount	Rate
Balances from $0 to less than $9,999	0.30% p.a.
On the part balance from $9,999 to less than $49,999	1.50% p.a.
On the part balance from $49,999 to less than $249,999	1.85% p.a.
On the part of the balance from $249,999 and over	2.30% p.a.